Business COVID 19

Move over Bitcoin—SPAC mania has overtaken the markets

Good morning. U.S. futures are nudging higher ahead of today’s jobless-claims data dump. Why should investors care about something as mundane as jobs? Answer: because the U.S. labor market is a “long way” from healthy, says Fed Chairman Jerome Powell, and that weakness will hamstring the central bank’s monetary policy going forward. But never mind […]

Business COVID 19

The TINA trade is pushing stocks into record territory. What’s the TINA trade?

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Buongiorno. Global stocks are heading back to record territory this morning, and U.S. futures too are rebounding on another solid run of earnings from the likes of Twitter and Lyft yesterday. […]

Business COVID 19

Bitcoin $50K? With Tesla now on board, crypto bulls say the sky’s the limit

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. European stocks and U.S. futures are flat on Tuesday, putting the S&P 500’s six-day rally in jeopardy as we head into a big day of impeachment hearings […]

Business COVID 19

Bitcoin, stocks and crude take off as the markets brace for a wave of stimulus checks

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. The reflation trade is alive and well, with stimulus talks in the U.S. boosting global equities. That, and a flurry of M&A activity have put investors in a risk-on […]

Business COVID 19

Here’s what’s driving global stocks to new all-time highs

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. It’s a risk-on day as investors seek to extend the weeklong rally. Broad-based gains in tech, autos and pharma are pushing global equities ever closer to an […]